XML 71 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Interest
 9 Months Ended
Jun. 30, 2014
Real Estate [Abstract]  
Interest
Interest
Our ability to capitalize all interest incurred during the three and nine months ended June 30, 2014 and 2013 has been limited by our inventory eligible for capitalization. The following table sets forth certain information regarding interest:
 
Three Months Ended June 30,
 
Nine Months Ended June 30,
(In thousands)
2014
 
2013
 
2014
 
2013
Capitalized interest in inventory, beginning of period
$
72,256

 
$
45,501

 
$
52,562

 
$
38,190

Interest incurred
31,678

 
28,766

 
96,577

 
86,361

Interest expense not qualified for capitalization and included as other expense
(10,421
)
 
(14,252
)
 
(41,112
)
 
(46,709
)
Capitalized interest amortized to house construction and land sales expenses
(9,430
)
 
(9,996
)
 
(23,944
)
 
(27,823
)
Capitalized interest in inventory, end of period
$
84,083

 
$
50,019

 
$
84,083

 
$
50,019